DBS’s Tan Su Shan, Temasek Trust’s Ho Ching and Granite Asia’s Jenny Lee were named to Forbes’ 2025 list of the world’s most powerful women, underscoring Singapore’s outsized role in global leadership. (Photos: Tan – REUTERS/Edgar Su; Ho – Temasek; Lee – REUTERS/Lucy Nicholson)
Singapore celebrated a moment of national pride as three of its leaders were named to Forbes’ 2025 list of the world’s most powerful women. DBS CEO Tan Su Shan, Temasek Trust chair Ho Ching, and Granite Asia Senior Managing Partner Jenny Lee joined the ranks of global figures like Ursula von der Leyen and Christine Lagarde.
Tan Su Shan, who became DBS’s first female CEO in March 2025, debuted at No. 29. Forbes highlighted her role in building DBS’s wealth management and institutional banking businesses, which now contribute nearly 90 per cent of the bank’s earnings.
Ho Ching, former Temasek CEO and current chair of Temasek Trust, was ranked No. 34, down two spots from 2024. She continues to oversee philanthropic endowments, reinforcing her influence in Singapore’s governance and philanthropy.
